Most Helpful Girl

Yeah, they are not bad at all. The cost of living in Ohio is pretty low compared to other states. I inherited my house from my parents. They got accidental death insurance on it, so it is also mortgage free.

Thank you. They were pretty young. Both 42, so definitely way before their time to go. What is difficult is that it still feels like their home, because I have not had the money to change a lot of the decor or anything like that. Also, since I was not exactly prepared to be a home owner when it comes time for costly repairs its going to be a major issue. Thankfully, I am not in it alone. My sister is partial owner, so between the two of us, we make it work. I am very thankful for what I have. It is not the most extravagant house, but I have the necessities. Things could have gone a lot differently had they not purchased that accidental death insurance.

Most Helpful Guy

I own my own home, property taxes are about 1200 dollars U. S. It's the insurance that gets me, it's somewhere about 3000 a year for both flood and hazard insurance. Funny thing is I live in a hundred year flood zone and there never been a flood in a 100+ years. The other thing is maintenance and up keep, brick is best in choice for exterior. My suggestion would be to go for a repossession property and fix it up to rent out to others, you could pull in about a few hundred in extra income. If you took no income from it in 5 years and paid it off, the total amount after it's been paid for that you bring in is yours to keep and can be used in lew of your regular income to pay for a house that you do want to live in. An asset is something that puts money in your pocket and a liability is something that takes it out of your pocket, it's a scam when you are told that owning a home is your biggest asset, when it's most likely your biggest up front liability for 30 years with a mortgage. If I knew this at age 24 when I bought my first home, I'd probably have 4 to 5 homes bring an average of 1000 dollars U. S. income every month, and I could be retired now If I wanted to. Just food for thought.

A buddy of mine does this, his Uncle got him into it when he was 18, he owns 10 houses including the one he lives in, he's now getting his wife into it too. I took some financial classes and studied some of Robert Kiyosaki's work on the subject. It's a good deal if you get into it, you're still young enough to go for it.

Yes I am very interested in flipping houses and getting back on my feet again. I once owned my childhood home which was worth 1.2 million I got my ass burned hard by my greedy pushy well off sister so me and my brother are starting all over looking to buy a new house in Miami where I have always lived my whole life. It cost a lot to live here houses are very pricey. We are looking to flip house after house so I can buy back my childhood home

Man that sucks, when family does that to people. If you're new to home flipping, do your homework and get yourself a good real estate agent that has a track record of doing home flips. If their any good they'll be able to provide you with references of other investors that made good money with their advice.

Yeah I have seen that trick this one guy saying he will sell the house for 3% then another agent gets involved and they take out 6% making it even worse on the home owner. I think I will take care of it on my own For sale my owner and just pay a Lawyer to Organize the paper work

What Guys Said 8

Life is like a giant game of Monopoly, wherein if you roll your dice properly you could wind up owning Baltic Avenue, and having enough cat food to keep you alive until you die of some semi-natural cause.

i dont own anything but i have bids in for many properties. im not emotionally tied to anything so my bids are strictly business. i actually want one of these properties. its a three bedroom condo next to an arbys and kfc. please let me have it.